Part of the David K. Smith Lecture series and Middlebury College Digital Lecture Archive.
The Professor David K. Smith Visiting Economic Lecture Series is held each year in honor of David K. Smith, professor emeritus of Middlebury College and 1942 Middlebury graduate. While teaching at Middlebury, Smith created a course in environmental economics, and was for many years advisor to all environmental studies majors with an economics focus. A resident of the towns of Middlebury and Pittsford, he served for 23 years as a consultant for the Central Vermont Public Service Corporation, and as a member of the Vermont State Council of Economic Advisors for four Vermont governors. He has served on numerous state commissions advising on energy and tax issues. He is the author of textbooks on money, banking and accounting.
The discussion covers several topics, including dwindling fossil fuel supplies worldwide; how conservation and rising fuel efficiency might ease the crisis; and whether or not the development of crop-based ethanol and biodiesel will pit the energy industry against the food industry.